International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 45,342 Shares of Company Stock

Key Points

• Major shareholder Finance Ltd Famatown sold 45,342 International Seaways shares at an average price of $92.12, generating approximately $4.18 million. The sale reduced its position by 0.62%, leaving it with 7.25 million shares valued at about $668.2 million.
• International Seaways reported strong quarterly results, with earnings of $5.91 per share exceeding estimates and revenue rising 138.9% year over year to $467.29 million.
• The company increased its quarterly dividend to $5.05 per share, equivalent to a $20.20 annualized payout and an 18.1% yield, while analysts maintained an overall “Buy” consensus and an average price target of $109.80.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 45,342 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $92.12, for a total transaction of $4,176,905.04. Following the sale, the insider directly owned 7,254,022 shares of the company's stock, valued at approximately $668,240,506.64. This trade represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Finance Ltd Famatown also recently made the following trade(s):

• On Thursday, October 8th, Finance Ltd Famatown sold 200 shares of International Seaways stock. The stock was sold at an average price of $118.50, for a total transaction of $23,700.00.
• On Wednesday, October 7th, Finance Ltd Famatown sold 61,216 shares of International Seaways stock. The shares were sold at an average price of $117.08, for a total value of $7,167,169.28.
• On Tuesday, October 6th, Finance Ltd Famatown sold 66,738 shares of International Seaways stock. The shares were sold at an average price of $117.03, for a total transaction of $7,810,348.14.
• On Monday, October 5th, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The shares were sold at an average price of $114.97, for a total transaction of $11,497,000.00.
• On Tuesday, September 22nd, Finance Ltd Famatown sold 102,000 shares of International Seaways stock. The shares were sold at an average price of $111.82, for a total transaction of $11,405,640.00.
• On Monday, September 21st, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The stock was sold at an average price of $111.09, for a total transaction of $11,109,000.00.
• On Friday, September 18th, Finance Ltd Famatown sold 15,136 shares of International Seaways stock. The stock was sold at an average price of $112.12, for a total transaction of $1,697,048.32.
• On Wednesday, July 22nd, Finance Ltd Famatown sold 104,428 shares of International Seaways stock. The stock was sold at an average price of $90.54, for a total transaction of $9,454,911.12.

International Seaways Price Performance

INSW traded down $1.26 on Friday, reaching $111.85. The stock had a trading volume of 150,199 shares, compared to its average volume of 606,217. The firm has a 50-day moving average of $105.33 and a 200-day moving average of $90.94. International Seaways Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $126.27. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.29 and a beta of -0.14.

International Seaways (NYSE:INSW - Get Free Report) last posted its earnings results on Monday, August 10th. The transportation company reported $5.91 EPS for the quarter, topping the consensus estimate of $5.55 by $0.36. The business had revenue of $467.29 million for the quarter, compared to the consensus estimate of $406.38 million. International Seaways had a net margin of 61.98% and a return on equity of 31.75%. The firm's revenue was up 138.9% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. As a group, sell-side analysts anticipate that International Seaways Inc. will post 17.08 EPS for the current year.

International Seaways Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $5.05 per share. This represents a $20.20 dividend on an annualized basis and a dividend yield of 18.1%. This is a positive change from International Seaways's previous quarterly dividend of $0.12. The ex-dividend date was Thursday, September 10th. International Seaways's dividend payout ratio is 129.16%.

Key Headlines Impacting International Seaways

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: Strategic Bruton acquisition expands the VLCC fleet. International Seaways agreed to acquire a 50.5% stake in Bruton Limited in transactions valuing the target at approximately $370 million. The combination would add four very large crude carriers, including newbuildings, strengthening INSW’s long-term fleet capacity and exposure to crude-oil transportation demand. International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited
• Positive Sentiment: Analyst price-target increase provides additional support. B. Riley raised its target for International Seaways to $140, signaling continued confidence in the company’s earnings outlook and tanker-market fundamentals. B. Riley lifts target for International Seaways stock to USD 140.00
• Neutral Sentiment: Third-quarter updates are approaching. INSW has provided preliminary third-quarter net income and revenue information and scheduled its full earnings release for November 5, 2026. Investors may look for further details on tanker rates, cash flow, acquisition funding and the outlook. International Seaways Reports Preliminary Q3 Net Income, Revenue; Plans Acquisition of Bruton
• Negative Sentiment: Major shareholder Famatown Finance continued reducing its position. SEC filings show sales totaling roughly 230,000 shares from October 5–8 at prices between $114.97 and $118.50, following additional sales in September. Although Famatown still owns more than 6.7 million shares, repeated insider-level selling can weigh on sentiment and raise concerns about supply overhang.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Mather Group LLC. boosted its position in shares of International Seaways by 100.0% during the third quarter. Mather Group LLC. now owns 400 shares of the transportation company's stock valued at $44,000 after buying an additional 200 shares during the last quarter. Ifrah Financial Services Inc. purchased a new stake in International Seaways in the 3rd quarter valued at $347,000. Contravisory Investment Management Inc. raised its position in International Seaways by 9.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 5,459 shares of the transportation company's stock valued at $601,000 after buying an additional 460 shares during the last quarter. Perpetual Ltd lifted its stake in International Seaways by 16.0% during the 3rd quarter. Perpetual Ltd now owns 6,766 shares of the transportation company's stock valued at $745,000 after acquiring an additional 935 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in International Seaways by 9.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,058 shares of the transportation company's stock valued at $557,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 67.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INSW. Zacks Research raised International Seaways from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $107.00 price target on shares of International Seaways in a research note on Tuesday, September 1st. BTIG Research upped their price objective on shares of International Seaways from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, September 18th. B. Riley Financial raised their price objective on shares of International Seaways from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded shares of International Seaways from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $109.80.

International Seaways Company Profile

International Seaways, Inc NYSE: INSW is a maritime transportation company that owns and operates oceangoing tankers. The company transports crude oil, refined petroleum products and other liquid cargoes for energy producers, commodity traders, refiners and other customers worldwide.

Its fleet includes crude-oil tankers serving major international trade routes, as well as product tankers used to move gasoline, diesel, jet fuel and other refined petroleum products. International Seaways employs a combination of time-charter, voyage-charter and pool arrangements to market its vessels and provide transportation services.

International Seaways was established in 2016 through the separation of the international tanker business from Overseas Shipholding Group.

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